PROFESSIONAL UPDATE JANUARY 12, 2016 ASSESSMENTS U/S 153A PURSUANT TO SEARCH PROCEEDINGS ARE LIMITED TO INCRIMINATING MATERIAL UNEARTHED DURING THE COURSE OF SUCH SEARCH:- CIT vs. Kabul Chawla (Delhi High… Read More
CORPORATE AND PROFESSIONAL UPDATE ON TAX JANUARY 10, 2016 DIRECT TAX The Revenue Department Delhi has made the e-filing of applications mandatory for companies for payment of stamp duty on share certificates.… Read More
CORPORATE AND PROFESSIONAL UPDATE JANUARY 9, 2016 INCOME TAX ACT SECTION 9 INCOME - DEEMED TO ACCRUE OR ARISE IN INDIA Fee for technical services : Where in earlier years, consideration… Read More
CORPORATE AND PROFESSIONAL UPDATE JANUARY 7, 2016 INCOME TAX ACT SECTION 14A EXPENDITURE INCURRED IN RELATION TO INCOME NOT INCLUDIBLE IN TOTAL INCOME Rule 8D : When assessee itself admitted that… Read More
CORPORATE AND PROFESSIONAL UPDATE JANUARY 6, 2016 INCOME TAX ACT SECTION 2(15) CHARITABLE PURPOSE Object of general public utility : Where assessee-society was providing latest information and training to those persons… Read More
CORPORATE AND PROFESSIONAL UPDATE JANUARY 5, 2016 INCOME TAX ACT SECTION 2(22) DEEMED DIVIDEND Loans and advances to shareholders : SLP dismissed against High Court's order wherein it was held that… Read More
CORPORATE AND PROFESSIONAL UPDATE JANUARY 04, 2016 INCOME TAX ACT SECTION 69 UNEXPLAINED INVESTMENTS Purchase of property : Where Tribunal after a detailed examination of documents had arrived at conclusion that… Read More
CORPORATE AND PROFESSIONAL UPDATE JANUARY 03, 2016 INCOME TAX ACT SECTION 9 INCOME - DEEMED TO ACCRUE OR ARISE IN INDIA Permanent establishment : Where assessee's branch office, which was considered… Read More
CORPORATE AND PROFESSIONAL UPDATE JANUARY 02, 2016 DGFT Hand book of procedures of FTP 2015-20 permits re-fixation of Annual Average Export obligation, in case the export in any sector/ product… Read More
What is Limited Liability Partnership (LLP) : LLP is an abbreviation for Limited Liability Partnership. LLP is a hybrid of a traditional partnership & a company, since some of its… Read More